The conflict in the Middle East is creating "unprecedented levels of uncertainty" in the tourism sector, according to Aena
The Spanish airport operator has assured us that the supply of fuel and kerosene is guaranteed for the coming weeks, although he has warned that "everything will depend on the duration of the war".
The conflict with Iran between the United States and Israel and the possibility of stopping aircraft fuel are causing unprecedented levels of uncertainty in the travel industry for the summer holidays, Aena said on Wednesday.
Aena's financial director, Ignacio Castejón, said in a conference with analysts that he prefers to wait for more data before updating the forecast for the growth of passenger traffic, which is currently expected to rise by 1.3% .
"We are seeing news of the cancellation of flights confirming the increase in the price of travel tickets. We are seeing a lot of trends. It is too early to give a figure because we are experiencing the greatest uncertainty I have ever seen at the moment, "he said.
The tourism sector in the Spanish State has continued to be in high demand as passengers have avoided the Middle East, which has led airlines operating in the State to increase their capacity for the summer, although the industry has warned of the risks of loss of fuel supplies.
Several European airlines have warned of the impact of high kerosene prices while the Strait of Hormuz, which carries 20% of the world's oil, is closed.
Castejón has stated that the supply of fuel and kerosene is guaranteed for the coming weeks, but has warned that "everything will depend on the duration of the war. "
First quarter financial results
Aena has reported a 9.3% increase in the net profit of the first quarter compared to the previous year, with a 3.2% increase in passenger traffic from Spain and Spain.
The company claims a net profit of €329.4 million (equivalent to analysts' forecast of €325 million).
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